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UK energy suppliers to face new stress tests after dozens collapse
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Energy suppliers will face new financial stress tests from January as part of a series of plans from the industry regulator to boost the sector’s resilience after rocketing market prices for gas and electricity caused dozens to collapse.
Ofgem will test providers against a range of scenarios and set an improvement plan for companies showing signs of financial weakness that could put their customers at risk.
The regulator also plans to toughen existing financial rules for suppliers and introduce
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